The Big Story

April 30 – May 7, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

CEO ReporterThe Big StoryMay 7, 2021May 7, 2021

The local currency continued on its upward trajectory, trading closer to a key resistance level of 3,550 as demand slumped. The Central open market operations also assisted in keeping market…

MANIFESTO WEEK: Tourism sector excels with 92% rating, achieves 15 of 17 commitments

CEO East Africa MagazinePolitics & GovermentThe Big StoryMay 6, 2021May 6, 2021

The National Resistance Movement (NRM) has achieved monumental landmarks on its social contracts with the people as demonstrated in the NRM Manifesto 2016-2021. The tourism sector excelled with a rating…

Standard Chartered’s digital-first leap of faith begins paying off; bank bounces back to No.3 position

CEO ReporterBanking & Financial ServicesTechnology & InnovationThe Big StoryMay 5, 2021May 9, 2021

Standard Chartered Bank Uganda (SCBU), a subsidiary of the out-of-London global banking giant, Standard Chartered Plc, has bounced back into the industry’s top three largest banks, according to its just-released…

MTN Uganda to Appeal High Court Ruling on US$14.4m license case against UCC

CEO ReporterThe Big StoryMay 4, 2021May 4, 2021

MTN Uganda has responded to a ruling by the High Court where the telecom giant lost a casein which it was challenging the payment of US$14, 140,030 (UGX50 billion) as…

I&M Holdings completes acquisition of Orient Bank, promises seamless regional access and superior services

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryMay 3, 2021May 3, 2021

I&M Holdings PLC has announced the majority acquisition of Orient Bank Limited (OBL) from 8 miles LLP and Morka Holdings Limited. OBL is the 12th largest commercial bank licensed and…

UWEP Championing Employment Creation among Rural Women

CEO ReporterThe Big StoryMay 3, 2021May 4, 2021

By Frank Mugabi Over the years, majority of women in Uganda have been disenfranchised from the formal business sector due to limited access to affordable credit, limited technical knowledge on…

EPIC! Ruparelia Group unveils plans for Kampala Kingdom Hotel- a combination of 220 luxury rooms/penthouses and 226 very high-end serviced apartments

Muhereza KyamuteteraCompany NewsLifestyleThe Big StoryApril 29, 2021September 23, 2022

The Ruparelia Group, through its hospitality arm, the Speke Group of Hotels, has unveiled plans to construct a 5-star luxury hotel in Kampala, at the heart of the city. The…

DUPLICATIONS: MPs unearth 19 allocations of similar amounts of money on different activities in the Ministry of Finance Work Plan

Thembo Kahungu MisairiThe Big StoryApril 28, 2021April 28, 2021

The Ministry of Finance, the authority which is charged with the preparing of the national budget, has come under the spotlight over allocating similar amounts of money to different activities…

Each MP to get UGX200m, Down from UGX321m for Brand new car

Thembo Kahungu MisairiThe Big StoryApril 27, 2021April 27, 2021

Government has cut by UGX121 million the amount of money the Parliamentary Commission had requested in its budget for the Financial Year 2021/2022 to purchase new cars for Members of…

MTN Uganda loses USD14.4 million license case against regulator

Ephraim KasoziLegal & JusticeThe Big StoryApril 26, 2021April 26, 2021

Telecom firm, MTN Uganda Limited has lost a High Court legal battle in which it was challenging the payment of $14, 140,030 (about Shs50billion) as license fees for the three-year…